View of part of the Fujairah Corniche and the Hajar Mountains in the Background

Monday, October 27, 2008

Oversupply of Bankers in Dubai Amid Tough Financial Times

“Dubai is no longer a haven for investment bankers. When heads started to roll last year in London and New York, the joke used to be: ‘Shanghai, Mumbai, Dubai or Bye-Bye.’ Not anymore. Now, bloated investment banking teams sitting in some of the world's most expensive office space look set for a downsizing.”